Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$289,084$289,084$404,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$115,826$0
Funding fee$1,445$1,445$0
Note rate2.600%2.600%7.400%
Blended rate2.600%4.145%7.640%
1st payment$1,333.76$1,333.76$2,803.52
2nd payment$0.00$772.17$0.00
Taxes / mo$159.08$159.08$159.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,642.84$2,415.01$3,193.58
Cash to close$160,816$44,990$44,990